California Public Employees Retirement System decreased its stake in shares of Rambus, Inc. (NASDAQ:RMBS) by 3.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 190,400 shares of the semiconductor company’s stock after selling 6,800 shares during the period. California Public Employees Retirement System owned approximately 0.17% of Rambus worth $2,502,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of RMBS. Guggenheim Capital LLC raised its stake in Rambus by 12.2% in the fourth quarter. Guggenheim Capital LLC now owns 123,871 shares of the semiconductor company’s stock valued at $1,705,000 after buying an additional 13,431 shares during the last quarter. Norges Bank acquired a new stake in Rambus during the fourth quarter valued at about $18,037,000. Teachers Advisors LLC raised its stake in Rambus by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 178,314 shares of the semiconductor company’s stock valued at $2,455,000 after buying an additional 3,236 shares during the last quarter. Skylands Capital LLC raised its stake in Rambus by 49.4% in the first quarter. Skylands Capital LLC now owns 93,800 shares of the semiconductor company’s stock valued at $1,233,000 after buying an additional 31,000 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Rambus during the first quarter valued at about $378,000. Institutional investors and hedge funds own 78.54% of the company’s stock.

Shares of Rambus, Inc. (RMBS) opened at 13.18 on Thursday. The stock’s 50 day moving average is $12.17 and its 200-day moving average is $12.65. Rambus, Inc. has a 12-month low of $11.30 and a 12-month high of $14.50. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 188.29 and a beta of 0.87.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings data on Monday, July 24th. The semiconductor company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. The firm had revenue of $94.70 million during the quarter, compared to analyst estimates of $93 million. Rambus had a net margin of 1.76% and a return on equity of 9.28%. Rambus’s revenue was up 23.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 EPS. On average, analysts expect that Rambus, Inc. will post $0.62 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Rambus, Inc. (NASDAQ:RMBS) Shares Sold by California Public Employees Retirement System” was first posted by Daily Political and is the property of of Daily Political. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/07/27/rambus-inc-nasdaqrmbs-shares-sold-by-california-public-employees-retirement-system.html.

Several analysts have issued reports on RMBS shares. Jefferies Group LLC restated a “hold” rating and set a $13.50 price target on shares of Rambus in a research report on Tuesday, April 25th. TheStreet upgraded shares of Rambus from a “c” rating to a “b-” rating in a research report on Monday, April 24th. Zacks Investment Research lowered shares of Rambus from a “hold” rating to a “sell” rating in a research report on Saturday, April 29th. Finally, BidaskClub lowered shares of Rambus from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Rambus currently has a consensus rating of “Hold” and a consensus target price of $15.10.

In related news, SVP Laura Stark sold 3,644 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $12.06, for a total transaction of $43,946.64. Following the completion of the transaction, the senior vice president now owns 209,176 shares in the company, valued at approximately $2,522,662.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 12,830 shares of company stock valued at $160,008. 2.00% of the stock is currently owned by company insiders.

About Rambus

Rambus Inc (Rambus) produces hardware and software technologies. The Company’s segments include Memory and Interface Division (MID), which focuses the design, development, manufacturing through partnerships and licensing of technology and solutions that is related to memory and interfaces; Rambus Security Division (RSD), which focuses on the design, development and licensing of technologies for chip and system security, anti-counterfeiting, smart ticketing and mobile payments; Emerging Solutions Division (ESD), which encompasses its long-term research and development efforts in the area of emerging technologies, and Rambus Lighting Division (RLD), which focuses on the design, development and licensing of technologies for lighting.

Institutional Ownership by Quarter for Rambus (NASDAQ:RMBS)

Receive News & Ratings for Rambus Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rambus Inc. and related companies with MarketBeat.com's FREE daily email newsletter.